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According to the International Professional Practices Framework, internal auditors who are assessing the adequacy of organizational risk management processes should not:
According to the International Professional Practices Framework, internal auditors who are assessing the adequacy of organizational risk management processes should not:A . Recognize that organizations use different techniques for managing risk.B . Seek assurance that the key objectives of the risk management processes are being met.C . Determine and accept...
Which of the following distinguishes the added-value negotiation method from traditional negotiating methods?
Which of the following distinguishes the added-value negotiation method from traditional negotiating methods?A . Each party's negotiator presents a menu of options to the other party.B . Each party adopts one initial position from which to start.C . Each negotiator minimizes the information provided to the other party.D . Each...
During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:
During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:A . Access to read application logs is restricted to authorized users.B . Account balance information is encrypted in the database.C...
The market price is the most appropriate transfer price to be charged by one department to another in the same organization for a service provided when:
The market price is the most appropriate transfer price to be charged by one department to another in the same organization for a service provided when:A . There is an external market for that service.B . The selling department operates at 50 percent of its capacity.C . The purchasing department...
Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?
Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?A . The distorted unit cost of a service is 50 percent lower than the true cost, while the true cost is 50 percent higher than the competition's cost.B...
Which audit approach should be employed to test the accuracy of information housed in a database on an un-networked computer?
Which audit approach should be employed to test the accuracy of information housed in a database on an un-networked computer?A . Submit batches of test transactions through the current system and verify with expected results.B . Use a test program to simulate the normal data entering process.C . Select a...
During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:
During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:A . Access to read application logs is restricted to authorized users.B . Account balance information is encrypted in the database.C...
Which of the following is the most important control related to the integrity of the data in the database?
An organization uses a database management system (DBMS) as a repository for data. The DBMS, in turn, supports a number of end-user developed applications which were created using fourth-generation programming languages. Some of the applications update the database. Which of the following is the most important control related to the...
Which of the following borrowing options is an unsecured loan?
Which of the following borrowing options is an unsecured loan?A . Second-mortgage financing from a bank.B . An issue of commercial paper.C . Pledged accounts receivable.D . Asset-based financing.View AnswerAnswer: B
Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?
Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?A . The distorted unit cost of a service is 50 percent lower than the true cost, while the true cost is 50 percent higher than the competition's cost.B...
